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  • Demand Curve

  • Supply Curve

Linearity of Supply and Demand Curves as a Simplification

For simplicity in economic models, both supply and demand curves are frequently depicted as straight lines. In reality, they are more likely to be non-linear. The precise shape of these curves depends on the distribution of valuations among market participants—that is, how willingness to pay (for demand) or willingness to accept (for supply) varies from person to person.

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References

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Social Science

Empirical Science

Science

Economy

CORE Econ

Economics

Introduction to Microeconomics Course

The Economy 2.0 Microeconomics @ CORE Econ

Ch.7 The firm and its customers - The Economy 2.0 Microeconomics @ CORE Econ

Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ

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Learn After

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